FA for all 4 years

BelknapPoint
Mon, 05 Aug 2019 18:17:30 +0000

Is FA completely re-evaluated every year?

Eligibility for need-based government benefits is reevaluated every year. Eligibility for institutional need-based aid may or may not be reevaluated every year, depending on each school’s policies (most schools that provide institutional need-based aid do require new FA forms every year).

How likely will it change?

It generally depends on what happens with the family’s financial situation.

What happens if parents’ income fluctuates substantially from year to year?

Then it’s likely that the any need-based aid will be modified.